Liberty hack attack: ‘South Africans should be terrified’

South Africa is woefully under-prepared for cyber attacks‚ with “completely ineffective” laws governing how personal information is protected.

The theft of thousands of Liberty investors’ financial details‚ and warnings posted by hackers behind last week’s Liberty Holdings hack‚ point to the dire situation‚ say cybercrime investigators.

On Monday an anonymous post was made to the website Pastbin by those claiming to be behind the hack. The post‚ titled Liberty Holding Breach – Stage 1‚ revealed that 40 terabytes of data had allegedly been stolen in the hack.

Cyber crime expert Jacques van Heerden said South Africans “should be terrified”.

Liberty CEO David Munro said they could not comment on the Pastbin post or the intention of the hackers. Liberty continued to “evolve our systems to protect our customers. We continually evaluate our IT security systems in line with global best practices.”

He said they were at an advanced stage in investigating the extent of the data breach.

By: Graeme Hosken – TimesLIVE

Source: TMG Digital.

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